Nexwell Power Buys 248-MWp Spanish Solar Suite from Q Energy

• UK investor Nexwell Power buys seven-site, 248 MWp solar portfolio in Andalusia and Aragón from Q Energy, boosting Spain’s renewables push and data-centre PPAs.

In a move that keeps London-based Nexwell Power on every project tracker’s radar, the investor has bought a 248-megawatt-peak suite of seven solar farms from Q Energy, the Berlin arm of South Korea’s Hanwha Group. The assets are split between sun-drenched Andalusia and the equally solar-hungry plains of Aragón, giving Nexwell an instant foothold in two of Spain’s most reliable irradiation zones.

The line-up includes three projects that are little more than paperwork away from breaking ground—Peñaflor 1, 2 and 3 outside Zaragoza—plus four sites already crawling with EPC crews: the 72-MWp Andújar cluster in Jaén, the 26-MWp Silverio plant near Córdoba and the 45-MWp Mudéjar project close to Samper de Calanda. Q Energy will stay on the tools until everything is wired in, a hand-off scheduled for early 2026.

Once the final tracker rows are tightened, the portfolio should crank out about 500 GWh of clean electricity a year—enough to light roughly 142,000 Spanish homes and shave more than 120,000 tonnes of CO₂ off the country’s annual tally.

Nexwell’s chief operating officer Miguel Muñoz called the deal “a springboard into Spain’s next wave of hybrid solar-plus-storage,” adding that data-centre operators in Aragón have already queued up for long-term green power.

The timing looks sharp. Spain installed 6.46 GW of new PV capacity in 2024, lifting its solar fleet to 32 GW and pushing photovoltaic output to the top tier of the national power mix. With grid connections still rolling in at pace, portfolios that blend nearly-ready plants with shovel-ready permits are trading at a premium—one reason Nexwell rushed to the front of the line when Q Energy put its bundle on the block.

Financial details stayed behind the NDA curtain, yet market bankers say Spain’s ready-to-build solar now clears north of €800,000 per MWp. Whatever the final sticker, Nexwell walks away with scale, geographic spread and a pipeline tailor-made for bolt-on batteries or agrivoltaic trials once Spanish regulators give dual-use land the green light.

For Q Energy, the sale frees up capital for its own gigawatt-scale ambitions elsewhere in Europe. For Nexwell, it’s a bet that Iberia’s sun—already trusted by homeowners and tech giants alike—still has plenty of shine left for investors with patient capital and an eye on storage.